In a(n) _____, the corporate stock is owned privately by a few individuals and is not traded publicly on a securities exchange.
A) general partnership
B) sole proprietorship
C) closely held corporation
D) open corporation
E) limited partnership

Question

In a(n) _____, the corporate stock is owned privately by a few individuals and is not traded publicly on a securities exchange.
A) general  partnership
B) sole proprietorship
C) closely held corporation
D) open corporation
E) limited partnership

Quizplus · Accepted Answer

A closely held corporation is characterized by its stock being owned by a small number of individuals, often including the company's founders and their families, and its shares are not available for public trading. This contrasts with an open corporation, where the stock is traded publicly.

In A(n) _____, the Corporate Stock Is Owned Privately by a Few